NAHCO Records 46% Profit Growth to N18 Billion in Q3 2025
Nigerian Aviation Handling Company (NAHCO) Plc recorded a significant growth in profit, with a 46% increase to N18 billion in the third quarter of 2025. The rise in total revenue by 40.7% to N47.76 billion was attributed to new business contracts and expansion activities across subsidiaries.
Despite inflationary pressures, the company managed to improve operational efficiency, leading to a 37.1% increase in gross profit. Driven by business operations rather than financial restructuring, NAHCO's operational profit surged by 40.8% to N18.14 billion.
The company also saw a 46% jump in profit tax to N17.94 billion, resulting in a net profit of N13.46 billion. Additionally, NAHCO increased its dividend payout by 134% for the 2024 business year, showcasing its commitment to shareholders and sustainable growth.
Plus234Feed summary based on reporting from Daily Trust. Read the original report below.
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